June 20, 2007

 

Thailand to cut down shrimp exports to US, seek new markets
 

 

Thailand's Department of Fisheries is calling on shrimp exporters to reduce their reliance on the US market and seek new markets instead.

 

Currently, more than 60 percent of Thailand's shrimp exports are destined for the US market, according to Deputy Director General of the Department of Fisheries Niwat Sutheemechaisuk.

 

With 177,717 tonnes of shrimp shipped to the US last year, Thai exporters faced significant insurance premiums and taxes.

 

To reduce export costs, Sutheemechaisuk said shrimp exporters should cut down their shipments to the US by 30 percent and look more to the Russian and Japanese shrimp markets instead.

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